We've converted roughly 1/3 of the DTA from NOLs associated with the WMIH merger, which have expiration dates to ordinary NOLs, which never expire, and that conversion will continue over the next two years or so
Serafino ...and if I remember me right (after Nate Thoma unmasked the illegal insider trading of the hedgies), there was a hard fight of the Equity to get these NOL's. And if these billions of NOL's still exist (which is for sure) they always have and still belongs to the old Equity holders and must be paid out. This alone proves, that all Equity holders (at the moment called ESCROWS) are still in the "game"!